Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.90% | -0.02 | 0.91% |
| Return on Equity (%) | ▼ | 9.26% | -0.32 | 9.58% |
| Net Interest Margin (%) | ▲ | 5.05% | +0.07 | 4.97% |
| Efficiency Ratio (%) | ▼ | 81.97% | +1.04 | 80.94% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.02 | $1 |
| Cost of Funds (%) | ▲ | 1.50% | -0.17 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $462 | +14.21 | $448 |
| Gross Loans ($M) | ▲ | $339 | +24.43 | $315 |
| Loan Growth YoY (%) | ▲ | 81.21% | +3.53 | 77.68% |
| Total Deposits ($M) | ▲ | $412 | +12.56 | $400 |
| Shareholders Equity ($M) | ▲ | $45 | +2.51 | $43 |
| Tang. Book Value ($M) | ▲ | $44 | +2.52 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $46 | +2.04 | $44 |
| Loan / Deposit Ratio (%) | ▲ | 81.21% | +3.53 | 77.68% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.34% | -0.46 | 1.80% |
| Allowance / Loans (%) | — | 1.32% | -0.06% | 1.38% |
| Net Charge-Off Ratio (%) | ▲ | 1.06% | -0.52 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄██▇▆ | Net Interest Margin (%) | 4.80% | 4.84% | 4.87% | 4.97% | 5.13% | 5.17% | 5.11% | 5.05% |
| █▇▇▁▂▆▅▁ | Return on Assets (%) | 1.39% | 1.30% | 1.27% | 0.91% | 0.99% | 1.23% | 1.17% | 0.90% |
| ▁▂▂█▆▅▅█ | Efficiency Ratio (%) | 68.5% | 70.5% | 71.7% | 80.9% | 78.6% | 75.4% | 76.2% | 82.0% |
| ▅█▅▃▃▅▃▁ | Cost of Funds (%) | 1.78% | 1.96% | 1.74% | 1.67% | 1.66% | 1.73% | 1.64% | 1.50% |
| ▁▂▃▂▄▆█▁ | NPA / Assets (%) | 1.53% | 1.78% | 2.01% | 1.80% | 2.29% | 2.96% | 3.75% | 1.34% |
| ▂▃▂▂▃▆█▁ | Net Charge-Off Ratio (%) | 2.00% | 2.16% | 1.77% | 1.58% | 2.21% | 3.90% | 4.93% | 1.06% |
| ▁▂▂▄▄▇▇█ | Tang. Book Value ($M) | $40 | $41 | $40 | $42 | $42 | $43 | $43 | $44 |
| ▁▁▂▂▅▅▇█ | Gross Loans ($M) | $307 | $307 | $312 | $315 | $324 | $326 | $335 | $339 |
| ▅▁▃▅▅▆█▇ | Total Deposits ($M) | $399 | $377 | $389 | $400 | $398 | $408 | $419 | $412 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 10% |
| Agricultural | 3% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 11% |